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Ignite Ltd

Industrials AU IGN

0.65AUD
-(-%)

Last update at 2024-12-17T05:11:00Z

Day Range

0.650.66
LowHigh

52 Week Range

0.330.90
LowHigh

Fundamentals

  • Previous Close 0.65
  • Market Cap9.95M
  • Volume4254
  • P/E Ratio12.20
  • Dividend Yield-%
  • EBITDA1.12M
  • Revenue TTM96.64M
  • Revenue Per Share TTM0.75
  • Gross Profit TTM 12.25M
  • Diluted EPS TTM0.05

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -1.10700M -0.28500M 2.42M -4.03200M -6.25400M
Minority interest - - - - -
Net income -1.54900M -0.28500M 2.42M -6.27200M -5.81200M
Selling general administrative 9.60M 10.50M 10.35M 14.48M 25.91M
Selling and marketing expenses 0.54M 0.49M 0.31M 0.32M 0.60M
Gross profit 12.25M 14.09M 13.49M 15.27M 25.83M
Reconciled depreciation 0.39M 0.40M 0.45M 0.89M 0.84M
Ebit -0.81000M -0.09900M 2.63M -3.52000M -5.94200M
Ebitda -0.41700M 0.30M 3.08M -2.62700M -5.09800M
Depreciation and amortization 0.39M 0.40M 0.45M 0.89M 0.84M
Non operating income net other - - - - -
Operating income -0.35500M 0.67M 0.10M -3.54000M -5.94200M
Other operating expenses 107.40M 113.98M 111.25M 129.50M 159.43M
Interest expense 0.30M 0.19M 0.22M 0.51M 0.31M
Tax provision 0.00000M 0.00000M 0.00000M -0.25500M -0.46100M
Interest income 0.00500M 0.19M 0.00100M 0.49M 0.30M
Net interest income -0.29200M -0.18600M -0.21600M -0.49200M -0.29600M
Extraordinary items -0.44200M -0.32100M 0.00000M -2.49500M -0.98500M
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.74M 0.19M 2.85M -0.25500M -0.44200M
Total revenue 106.58M 115.52M 113.88M 125.96M 152.90M
Total operating expenses 13.07M 14.19M 13.49M 19.52M 32.36M
Cost of revenue 94.34M 101.43M 100.39M 110.69M 127.07M
Total other income expense net 0.00400M 0.00500M 2.63M 0.71M -0.31200M
Discontinued operations -0.44200M -0.32100M -0.32100M -2.49500M -0.98500M
Net income from continuing ops -1.10700M -0.28500M 2.42M -3.77700M -5.81200M
Net income applicable to common shares -1.54900M -0.28500M 2.42M -6.27200M -5.81200M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 13.07M 11.84M 14.06M 13.12M 13.85M
Intangible assets - - - - 0.03M
Earning assets - - - - -
Other current assets 0.56M 1.04M 0.95M 0.58M 0.40M
Total liab 5.41M 8.36M 9.05M 7.79M 10.93M
Total stockholder equity 7.66M 3.49M 5.01M 5.33M 2.92M
Deferred long term liab - - - - -
Other current liab 2.52M 5.05M 5.98M 5.43M 5.86M
Common stock 37.05M 83.54M 83.54M 83.54M 83.54M
Capital stock - 83.54M 83.54M 83.54M 83.54M
Retained earnings -29.89500M -79.94900M -78.40000M -78.11500M -80.53000M
Other liab - 0.14M 0.16M 0.11M 0.17M
Good will - - - - -
Other assets 0.00000M - - - -
Cash 4.10M 0.23M 0.37M 0.09M 0.41M
Cash and equivalents - - 0.37M 0.09M 0.41M
Total current liabilities 5.35M 7.96M 8.36M 7.62M 10.37M
Current deferred revenue - -2.32900M -2.62700M -1.28500M -4.96600M
Net debt -3.84800M 2.35M 2.79M 1.09M 1.76M
Short term debt 0.23M 2.33M 2.63M 1.12M 1.77M
Short long term debt - 2.01M 2.32M 0.78M 1.19M
Short long term debt total 0.25M 2.58M 3.15M 1.18M 2.17M
Other stockholder equity - -0.10600M -0.12900M -0.09600M -0.09500M
Property plant equipment - 0.60M 0.89M 0.41M 0.82M
Total current assets 12.81M 11.25M 13.18M 12.71M 13.00M
Long term investments - - - - -
Net tangible assets - 3.49M 5.01M 5.33M 2.89M
Short term investments - 0.24M 0.24M 0.24M 0.24M
Net receivables 8.16M 10.49M 12.33M 12.30M 12.36M
Long term debt - - - - -
Inventory - 0.00000M -0.46300M 0.00000M -0.16500M
Accounts payable 2.60M 2.91M 2.39M 2.36M 7.70M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.51M -0.10600M -0.12900M -0.09600M -0.09500M
Additional paid in capital - - - - -
Common stock total equity - - - - 83.54M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -0.00000M -0.59600M -0.88500M -0.41000M -0.85200M
Deferred long term asset charges - - - - -
Non current assets total 0.26M 0.60M 0.89M 0.41M 0.85M
Capital lease obligations - 0.57M 0.83M 0.39M 0.98M
Long term debt total - 0.25M 0.53M 0.06M 0.39M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -0.00300M -0.05800M -0.00400M 0.74M -0.93600M
Change to liabilities -0.00600M -0.96300M -2.02600M 0.24M -3.01200M
Total cashflows from investing activities -0.00300M -0.05800M -0.00400M -0.01700M -1.24300M
Net borrowings -0.67400M 1.14M -0.99000M -5.48800M 5.17M
Total cash from financing activities -0.67400M 1.14M -0.99000M -5.48800M -5.48800M
Change to operating activities -0.15800M -0.07700M -0.22200M -0.25500M -0.33000M
Net income -1.54900M -0.28500M 2.42M -6.27200M -5.81200M
Change in cash -0.13300M 0.28M -0.32100M -0.87900M -1.49500M
Begin period cash flow 0.37M 0.09M 0.41M 1.29M 2.78M
End period cash flow 0.23M 0.37M 0.09M 0.41M 1.29M
Total cash from operating activities 0.54M -0.77900M 0.67M 4.58M 4.26M
Issuance of capital stock - - - - -
Depreciation 0.40M 0.40M 0.41M 0.73M 0.84M
Other cashflows from investing activities - - 0.00000M -0.71800M -0.71800M
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables 1.84M 0.14M -0.10600M 8.36M 2.84M
Sale purchase of stock - - - - -
Other cashflows from financing activities -0.36200M 2.68M -0.58600M -0.87700M -0.87700M
Change to netincome 0.01M 0.01M -0.00300M 1.61M 0.21M
Capital expenditures 0.00300M 0.06M 0.00400M 0.04M 0.31M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 1.84M 0.14M -0.10600M 8.36M 0.02M
Stock based compensation - - - - -
Other non cash items -0.15000M -1.02800M -2.05400M 1.76M 4.97M
Free cash flow 0.53M -0.83700M 0.67M 4.54M 3.95M

Peer Comparison

Sector: Industrials Industry: Staffing & Employment Services

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IGN
Ignite Ltd		 - -% 0.65 12.20 - 0.10 1.19 0.05 4.73
MMS
Mcmillan Shakespeare Ltd		 -0.29 2.01% 14.11 11.17 10.11 1.91 7.90 3.49 6.48
PPE
People Infrastructure Ltd		 0.005 0.53% 0.95 25.25 12.97 0.09 0.66 0.18 6.32
HIT
Hitech Group Australia Ltd		 -0.02 1.03% 1.93 14.00 - 1.31 8.76 1.13 8.35
ASH
Ashley Services Group Ltd		 -0.02 10.53% 0.17 19.00 - 0.05 0.90 0.08 4.63

Reports Covered

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Profile

Ignite Limited, together with its subsidiaries, provides specialist recruitment and managed services in Australia and New Zealand. It offers contingent labor and permanent placement services, as well as permanent, government, contract, and temporary recruitment for changes in demand or for cover of short-term absences. The company also provides IT, cyber security, business support, engineering, project and information management, professional service, and defense recruitment services. In addition, it offers on demand IT services, including IT field project, network management, and software rollouts and upgrade services; managed services, such as IT solutions architect, digital and cloud solutions, IT infrastructure upgrade, and IT software rollouts and upgrade services; and professional services, which consist of IT project management, IT Solutions architect, digital and cloud solutions, IT infrastructure upgrade, data management, and cyber security services. The company was formerly known as Clarius Group Limited. Ignite Limited was incorporated in 1984 and is based in Sydney, Australia.

Ignite Ltd

200 George Street, Sydney, NSW, Australia, 2000

Key Executives

Name Title Year Born
Mr. Timothy Moran Chief Exec. Officer NA
Diego Agosti Fin. Director NA
Ms. Nikki Grech Exec. GM of People Services & Strategic Project Leader NA
Mr. Ian McKay Gilmour B.Sc., CA, F.F.A., FAICD, FCIS, FGIA, JP(NSW) Company Sec. 1947
Diego Agosti Finance Director NA
Diego Agosti Finance Director NA
Diego Agosti Finance Director NA
Mr. Cameron J. C. Judson BA, MAICD, MBA Executive Director NA
Mr. Ian McKay Gilmour B.Sc., CA, F.F.A., FAICD, FCIS, FGIA, JP(NSW) Company Secretary 1947
Diego Agosti Finance Director NA

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